I know an old veteran who entered the crypto space with 100,000 yuan and now has a market value of 42 million. He once told me something that made a big impact. He said: 'In this market, it's all a rabble; you just need to control your emotions, and this market is an ATM! In the crypto world, your trading strategy is your 'secret weapon.' The following sayings are crystallized from practical experience, so hurry and save them! Entry section: Dip your toes in the crypto waters, prepare first; enter steadily, refuse to rush. Sideways section: Low-level sideways creates new lows, heavily buy the dip is the right time; high-level sideways and then peaks, sell decisively without hesitation. Volatility section: Sell at peaks, buy quickly on dips; watch and wait during sideways, reduce trading. Sideways means using sideways to replace declines, hold tight to your chips, and the rise may come in the next second: during rapid rises, be wary of sharp declines, and be ready to secure profits; during slow declines, it is a good time to gradually add positions. Timing for buying and selling: Don't sell at peaks; don't buy on dips; during sideways, don't trade. Buy on a bearish candle, sell on a bullish candle; reverse operation can stand out. Buy when there’s a big drop in the morning, sell when there’s a big rise in the morning: Don't chase highs in the afternoon, buy after a big drop in the afternoon the next day; don't cut losses on a big drop in the morning, if it doesn’t rise or fall, take a break: Hold on through losses seeking to break even, excessive greed is not advisable. Risk awareness section: A calm lake can lead to high waves, and there may be big waves ahead; after a big rise, there must be a pullback, and K-lines may show a triangle for many days. In an upward trend, look for support; in a downward trend, look for resistance. Full position trading is a big taboo; stubbornness is unworkable; in the face of impermanence, know when to stop, grasp the timing of entry and exit. Trading cryptocurrencies is actually trading mindset; greed and fear are the biggest enemies; be cautious with chasing highs and cutting losses; a calm mind brings freedom. Besides the sayings, I have also organized several super practical trading methods, whether you are a novice or a seasoned player, you can benefit from them. Oscillation trading method: Most market conditions are in oscillation patterns, using high sells and low buys within a range is the foundation for stable profits. Utilize the BOLL indicator and box theory, combined with technical indicators and patterns to identify resistance and support. Follow short-term buying and selling principles, and avoid greed. Breakthrough trading method: After a long period of consolidation, the market will choose a direction; entering after a breakthrough can yield quick profits. However, it requires accurate trend-following trading method: After breaking through the market structure, a one-sided trend will form, and trading with the trend is key to profit. Enter trades during pullbacks or rebounds, referring to K-lines, moving averages, BOLL, trend lines, etc., and mastering their application can make you adept. Resistance and support trading method: When the market encounters key resistance or support levels, it often meets resistance or gains support. Entering trades at this time is a common strategy, using trend lines, moving averages, Bollinger Bands, parabolic indicators, etc., to accurately judge resistance and support levels. Pullback and rebound trading method: After significant rises or falls, a brief pullback or rebound will occur, taking advantage of these opportunities can yield easy profits. The main basis is judging K-line patterns; good market feel can help you accurately grasp high and low points. Time period trading method: Morning and afternoon sessions have small fluctuations, suitable for conservative investors; although the time to profit is long, the market is easier to grasp; evening and early morning sessions have large fluctuations, suitable for aggressive investors; they can make quick profits but with higher difficulty and strict requirements for technical and judgment skills.
1. Never trade impulsively. After each trade, whether I earned or lost, I firmly resolve not to look back. Once I finish trading, I close the market chart and do not look at it for a full 24 hours. This practice is to prevent myself from making impulsive trades. We close trades with a clear mind; there is no need to jump back in immediately.
2. Don't touch cryptocurrencies on weekends. The cryptocurrency market on weekends has small price fluctuations and low trading volume. In this case, price trends are particularly difficult to predict. Those big players can easily stir the price with just a few clicks when liquidity is low. For us small retail investors, entering the market at this time is a loss.
3. Choose a time to focus on trading. I only sit in front of the computer to trade when I can concentrate fully. The cryptocurrency market is open 24 hours, but we can't just keep staring at it. I set specific trading times for myself, and only then do I check the market. This way, I won't be constantly thinking about the market, allowing me to spend time with family and do other things.
4. Don't get attached to assets. If you become emotionally attached to the assets you want to trade, it can lead to big problems. Trading requires a calm mindset and should not be influenced by personal preferences. Many people may like certain altcoins, teams, or projects, which is good for investors, but for traders, it could be a big pitfall.
In the past few days, I have been preparing for the layout of my divine trade that is about to begin!!!
Comment 168, get in!!!
Impermanence brings impermanence!!!
Important things must be said three times!!!
